CCR2003195.
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COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #195-2003
APPROVAL OF LETTER OF CREDIT
WE Energies
BE IT RESOLVED That the Common Council of the City of Muskego, upon the
recommendation of the Finance Committee, does hereby approve the attached Letter
of Credit in the amount of $10,000 for a stealth wireless communications facility on the
ATC Transmission Company right-of-way located in the SE 1/4 of Section 18.
DATED THIS 26th ,2003. DAY OF Auqust
SPONSORED BY:
FINANCE COMMITTEE
Ald. Rick Petfalski
Ald. Nancy Salentine
Ald. Eric Schroeder
This is to certify that this is a true and accurate copy of Resolution #195-2003 which
was adopted by the Common Council of the City of Muskego.
~/(: m~ C -Treasurer
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AUG-19-2003 12:53 WE 414 221 3419 P.04
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U.S. BANK NATIONAl. ;\.SSOCIATION
tNT.E1\NATIONAL :DEPA!l.1MENT. MK-WI-J6NI
m 'EAST WISCONSIN AVENUE
MILWAUKEE. WISCONSIN 53202
SWIFT: USBKUS44MIL
1'B'LBX: 192.179
TELEPHONE: 414-765-6145
FACSIMJLE: 414-765-4485
IRREVOCABLE STANDBY J.ETIER. OF CREPIT
NUMBER SLCWMIL01033
AUGUS')." 19. 2003 COpy
"
:B'EN)>}l'XCJARY:
CITY' OP MU$KBGO
W182 88200 RACINE AVENUE
MUSKEGO, WI S;HSO-Q749
Al':1':UcAN1':
WlSCONS\N JòLEçmc PO\"l2R COMPANY
231 WESTMICHXGANSTRHBT
MlLWAUKEB. WX5m~
/.MOUNT: usp 10,000.00
EXP1RA.TION:
AUGUST 19,2004,
OR AS EXTENDED
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~ HERnY ESTABUSH OUR. IRREVOCABLE STANl)BY LBT':æR. O'f CREDITNUMBElt
SLCWM1LOI033 IN YOUR.FA VOl'. AN.D A'(,fffiORIZE YOU TO DU W æl'US. FOR THE
ACCOUNT OF WISCONSIN EL'ECTRIC POWER COWANY, UP TO KN AGGR1ıQA1E AMOUNT
OF TEN '!'HOUSAND AND 001100 U.S. !:)OIJ..A.RS (USD 10,000.00), EXP!B.lNG AT 'IHE CLOSE
OF BUSINESS ON AUGUST 19. 2004, OR ANY AUTOMATICALLY EXTENDW ~Y PATE.
PA)(MBNT UNPER TmB LETIER OF CREDIT IS A V AlLABLE BYYOUR. DRAFi(S) AT SIGIlT,
DM WN ON U.S. BANK NATIONAL ASSOCIATION, MIL WAmæE, WISCONSIN TO BE
ACCOMPANWJ BY:
ORlGINAL BENmC1AAY'S STATEMENT. PUIU'ORT.EDL Y SIGN:eD BY AN AUTHOlUZED
REPRES;&rATIVE OF THE CJT'{ ÖF MUS{(EGÓ, CER.!JJ.OY.!NG THAT:
"TIm COMMUNICATIONS FACJLI'1'IES HA VB NOT B~13 REMOVED ANI) Tim PlW';I1SES
RESTORED TO ITS PREVIOUS CONDITION. REASONABLE WEAR AND TEAR
1iXCEP1W."
nns LJI:tI1.R OF CREDIT IS ISSUED IN CONNJ;CTION WITH RESOLUTIONIfPC 092-2003
DATED JULY 15, 2003.
IT IS A <:om)mON OF THIS IRlæVOCABLE LB'l1ER OF CREDIT THAT IT SlJAI.L BE
AUTOMATICALLY Bn.E:NDED WJ;THOUT 4\MENDMENTFORAN ADDmONAL o~ YEAR
PERIOD FROM'IHE E:XP.æ.ATION DATE HEREOr OR ANY WI'URl!EXl'IRATlON DAn
UNLESS AT LEAST N1NETY (90) DAYS PRIOR TO ANYEXPIRA TrON DAJE, WE N01'IFY YoU
IN WRrrlNG BY CERTIFIEP MAIL, OVEII.NIGHT COURIER SERVICE OR BY HAND
DBLl'\!BR.Y AT nIl! ABOVl! ADDRESS, THAT WE BLECTNOT TO !ENEw1H'JS LETIBR OF
c1UæDrr FOR SUCH A!)DlTIONA1. PERlOD.
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CONTJNUED ON PAGE TWO
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AUG-19-2003 12' 54 WE 414 221 3419 P.05
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PAGE TWO
nmEVOCA.'BU S1'Al'IDBY LETTt:& OF CREDIT
NtlMBER SLCWMILOI033 'COpy
I'
ms STANDBY LEm1!. OF CREDIT SETS FORTH IN FULL T.HE TERMS OF OUR.
UNDERTA.KJ.NG WHICH SHALL NOT IN ANY WAY BE MODIFIED, AME)I1DEP, AJAPLrfrED,
OltLtMrtED BY~CE ro ANY OOC!JMEl'olT, INSTRUMENt, ORAGnEM1!NT.
WHEmER ORNOT REfERRED TO EEREIN.
1HIS OI.UGINAL STANDBY LETIER Of èroIDIT MUST BE SUBMIIï.EP TO US TOGETHER.
wmt ANY DRAWINGS ~UNDERFOR OURENDOR.SEMËNT OF ANY PAYMENTS
ßmCtED BYUS ANDIOR FOR CN.><au.AUON.
.
AU. DMnS MUS! BE MARKED "DRAWN UNDER. u.s. aANK NA1'\O~A.L ASSOÇIAl1QN,
MJLWA~ WISCONSIN STANDBY LB'l"l'mt OF CREDIT N'OM!IE1t SLCWMILO!033."
WE AGREE WITH YOU TO PA '{DRAFTS DRAWN UNDERANP IN COMPLIANC:E WITS 11iI3
T.E1!MS OF THIS CRmIT PRESENTED AT OUR U.s. BANK NATIONAL ASSOCIATION,
MILWAU1ær:, WISCONSIN Of'FXCE 'l"OGEtE!JıR Wl'I11nns STANDJ3YL'E1'1'ER Of CREDIT
AND DOCUMENTS SPECIl'IEP ON 0), BEFORE TßE CLOSE OF OUR BUSINESS ON
AUGUST 19,2004.
TaIS CREDIT IS SUBJECT TO m INTERNA T{ONAL STANDBY PRAcnCES (ISP9S),
INTERNATIONAL CHAMBER O~ COMMERCE pUBLICATION NO. 590, ORANY
SUBSEQUENT REVISION' TI-mRETO.
ALL CORRESPONDENCE AND ANY D:AAWINGS RBREUND:m~ TO BE D!R.Ect'BD TO
OUR OFFICI; AT 171 EAST WISCONSIN A VENtro, lNIERNATIONAL BAN'KING
DEPMTMENT. MK.WI-m~r. MJL WAUKEE, WISCONSIN 53202, TELEPHONE NUM8n
414765-5626.
YOURS VERY n:OLV,
U.S. BANK NATIONAL ASSOCIATION
~~ AU1H~ SIGNATtJRE
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TOTAL P.05